Object of Designation: V-Corporate Centre as IT Center
- The building designated is known as V-Corporate Centre.
- It is created and designated as an Information Technology Center under the relevant laws.
- The location is along L.P. Leviste Street (formerly Alfaro Street), Salcedo Village, Makati City.
Description and Specification of Land Parcels
- The V-Corporate Centre sits on multiple parcels with a total area of approximately 2,776 square meters.
- Included parcels:
- Lot 5, Block 12 (872 sq.m.): Boundaries detailed with technical land survey points, adjoining lots and streets.
- Lot 6, Block 12 (930 sq.m.): Similarly described with precise boundary points and adjacent properties.
- Lot 7, Block 12 (874 sq.m.): Boundaries and adjoining lots clearly described.
- Each parcel’s description includes official plan numbers, title certificates, bearings, and survey details.
Legal and Technical Details of Land Survey
- Reference is made to original and consolidation-subdivision surveys performed between 1923 to 1967.
- Survey marks include PLS cylindrical concrete monuments with specific marker numbers.
- Bearings use true directions with noted declination (0 deg. 37' E).
Formalization and Effect of the Proclamation
- The proclamation bears the signature of the President and affixed with the seal of the Republic of the Philippines.
- The date and place of signing: May 20, 2014, City of Manila.
- The Executive Secretary also signs, validating the document.
Summary of Key Legal Concepts and Implications
- The designation creates a special economic zone status for the building under the IT Center category.
- Such status likely confers benefits and incentives to locators within the property under PEZA rules.
- The detailed boundaries and technical description ensure exact identification and legal clarity.
- The proclamation implements national law aimed at fostering IT industry development through localized economic zones.